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Growth models, economics stages and innovation dimensions (An essential…

- - - - internal factors
        
        Technical competence (level of
        education).
        
        Lack of experience in management
        and organization of companies.
      - external factors to the company
        
        Financial institutions for financing
        innovation
        
        Stability of government, weak
        enforcement policy and regulations
        
        Lack of trust.
  - - - Technology (A) is freely available (exogenous 'manna from heaven’); a ‘public
        good’
- - - - incremental
        
        Incremental innovation is a series of small improvements or upgrades made to a company's existing products, services, processes or methods.
        
        a change that builds on a firm’s expertise in component technology within an
        established architecture
    - - A breakthrough discovery of technology (in a lab) that transforms used wasteoil into petrol for cars.
        
        radical
        
        new dominant design, and hence a new set of core design concepts embodied in
        components that are linked together in a new architecture.’
    - - d. A new roof on a production hall of an large factory.
        
        not innovation
        
        def of innovation
      - i. The introduction of the idea of providing free time to employees to do product development
        
        modular